Capital Research Global Investors Takes Position in Byrna Technologies Inc. (NASDAQ:BYRN)

Capital Research Global Investors bought a new stake in Byrna Technologies Inc. (NASDAQ:BYRN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,638,421 shares of the company’s stock, valued at approximately $47,203,000. Capital Research Global Investors owned about 7.20% of Byrna Technologies at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Byrna Technologies by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 1,001,759 shares of the company’s stock valued at $28,861,000 after purchasing an additional 73,954 shares during the last quarter. Invesco Ltd. increased its stake in shares of Byrna Technologies by 72.4% in the fourth quarter. Invesco Ltd. now owns 697,655 shares of the company’s stock worth $20,099,000 after buying an additional 293,049 shares during the period. Geode Capital Management LLC raised its holdings in Byrna Technologies by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 396,616 shares of the company’s stock valued at $11,430,000 after buying an additional 5,184 shares during the last quarter. State Street Corp boosted its position in Byrna Technologies by 36.9% during the 3rd quarter. State Street Corp now owns 314,315 shares of the company’s stock valued at $5,334,000 after buying an additional 84,723 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Byrna Technologies by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 138,445 shares of the company’s stock worth $3,989,000 after acquiring an additional 2,899 shares during the last quarter. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Byrna Technologies news, insider Lisa Wager sold 12,500 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $29.38, for a total transaction of $367,250.00. Following the completion of the transaction, the insider now owns 212,055 shares of the company’s stock, valued at approximately $6,230,175.90. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Luan Pham sold 33,483 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total transaction of $1,010,851.77. Following the sale, the insider now owns 19,148 shares in the company, valued at approximately $578,078.12. This trade represents a 63.62 % decrease in their position. The disclosure for this sale can be found here. 11.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and set a $33.00 price objective on shares of Byrna Technologies in a research note on Thursday, March 20th.

Byrna Technologies Stock Performance

BYRN opened at $20.16 on Tuesday. The stock has a market capitalization of $456.97 million, a PE ratio of 37.33 and a beta of 2.19. The stock’s 50 day moving average price is $21.51 and its 200-day moving average price is $22.42. Byrna Technologies Inc. has a 52-week low of $7.79 and a 52-week high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings data on Thursday, April 10th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. The business had revenue of $26.19 million for the quarter, compared to the consensus estimate of $23.26 million. Research analysts forecast that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

Byrna Technologies Profile

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.